Stocks making the biggest moves midday: Rivian, Levi Strauss, Biogen, First Solar and more

Check retired the companies making headlines successful midday trading.

Alibaba — U.S. shares of the Chinese institution added 8.8% successful day trading. Earlier connected Friday, Reuters archetypal reported that Alibaba's affiliate company, Ant Group, would wage a $984 cardinal good to Chinese regulators, which would extremity respective years of dispute. Alibaba besides launched an AI instrumentality that tin make images from substance prompts.

Rivian Automotive — The electrical conveyance shaper popped much than 16% after Wedbush raised its terms target on shares to $30 from $25, citing an improved outlook. The caller people terms implies shares rallying astir 39% from Thursday's close.

Levi Strauss — Shares of the jeans shaper slumped 6.7% aft the institution cut its full-year nett forecast connected Thursday. Levi Strauss present expects an adjusted $1.10 to $1.20 per stock compared to a erstwhile scope of $1.30 to $1.40.

First Solar — The star institution climbed 4.6% aft receiving a five-year revolving enactment of recognition arsenic good arsenic a warrant for a $1 cardinal facility. JPMorgan volition service arsenic the pb arranger for First Solar.

TG Therapeutics — The pharmaceutical institution soared much than 10% aft Cantor Fitzgerald reiterated an overweight standing connected the stock. The steadfast said it sees income of TG Therapeutics' attraction for relapsing forms of aggregate sclerosis, Briumvi, to travel successful supra expectations for the 2nd quarter.

Biogen — Shares slipped much than 2% adjacent aft the Food and Drug Administration approved its Alzheimer's treatment, which was developed with Eisai.

DraftKings — The sports betting level added 5% successful midday trading. A time earlier, Jefferies included the banal arsenic 1 of the stocks the steadfast is forecasting is acceptable for gains arsenic the institution turns the nett corner.

— CNBC's Hakyung Kim and contributed reporting